Free Radical IPs May Split Up

With Free Radical Design undergoing a studio closure, administrator ReSolve Partners is willing to sell off the developer's IPs individually. The Nottingham, England-based developer has worked on three original IPs ever since it started up in 1999: TimeSplitters, Second Sight, and Haze.

ReSolve Partners representative Cameron Gunn was optimistic about selling Free Radical and its IPs. "We're advertising the business and assets for sale and there's been some significant interest expressed from all over the world, so we're now in the process of exploring that interest," Gunn told gamesindustry.biz.

While ReSolve would like to sell Free Radical for one lump sum, Gunn stated that the administrator was willing to sell off the IPs individually if the deal was more lucrative. "If we can sell all of that in one hit that would be fabulous. It may be that we're made offers for several parts of the business, which when added together total up more than one whole sale to one other interested party," Gunn said, adding, "but it's early days, we're not too sure yet, but if we can save more jobs we'd be delighted, and that's what we're aiming to do at this stage."

While Free Radical recently laid off several staff members, Gamesindustry reports that there are still 40 employees with the company; however, the developer is not currently working on any upcoming games.

According the gaming news site, several companies are interested in either buying Free Radical as a whole or its individual assets. Among the companies are Kuju Entertainment, Monumental Games, and Second Sight publisher Codemasters.